The CEO of Invictus Group, Obinwanne Okeke, has been remanded in US prison until February 2020 over allegation of $11 million fraud
Okeke, popularly known as Invictus Obi, pleaded not guilty to a two-count charge of internet fraud when his case came up for hearing at a court in Virginia on Monday.
The Nigerian entrepreneur who was arrested by the Federal Bureau of Investigation (FBI) was investigated for an alleged $11 million internet fraud.
The judge at the Federal Courthouse, Virginia, at the commencement of his trial, ordered that Okeke be remanded in prison until February 18, 2020, when the trial will continue.
With the verdict of the court, Okeke will spend the next six months in the US prison.
A federal grand jury had looked at the evidence presented by the FBI and the United States Department of Justice.
The jury was unanimous that Okeke should be made to forfeit at least $11 million in asset. The department found him guilty and recommended his trial.
If convicted, Okeke could spend up to 30 years in prison, and the likelihood of forfeiting his wealth.
The Nigerian was once listed by Forbes as one of the 100 Most Influential Young Africans.